In 2019, the Federal Reserve’s stimulus packages – which SHOCKED the markets, since they represented a full U-turn in terms of policy, compared to the aggressive tightening in 2018 – were one of the primary reasons that the stock market soared by so much.
“He’s a person who executes” – that’s my first response when asked what I think of President Trump. You may like him or hate him, but he is a most impactful man.
Only In America, as the saying goes. The House voted and the president has been impeached. The Senate, comprised of 53 Republicans and 47 Democrats, will vote next.
Today, there is over $17T invested in bonds that guarantee a loss, if held to maturity. Think of the madness: You invest $101 today and in 2030 you will receive back $100. While the rate of inflation has been around 1.5% and GDP growth has been 2%-2.5% in the passing decade, owning bonds hasn’t been a bad choice or a lousy decision.
On Monday, Trump and Mnuchin met with FED Chairman Powell at the White House. They discussed many topics, but from the looks of it, nothing major came out of it.